Twin Cities healthcare finance

Currently work in healthcare leveraged finance and looking to move to Minneapolis Saint Paul for personal non work reasons. I'd like to stay in the same role ( healthcare lev fin), but haven't found any shops that do that there. Anyone know of any? Any related opps (funds etc)? Has to be healthcare. Thanks a ton.

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Best Response

There are no healthcare specific lev fin groups in Minneapolis. The only LevFin that exists is with US Bank. Your best bet would be to see if you can join Piper's DCM group IMO, given its strong healthcare vertical.

The only other option would be to see if you can hitch on with a BDC (used to have a guy from NXT up here) where there may be an MD, but minimal support staff.

You could also look at mezz shops as there are plenty of them in MPLS.

Also, there is nothing in St. Paul. Everything is in Minneapolis, so try to live on that side of town.

 

Seconding Piper. They do have a mezzanine finance group there too, which might be similar. Not sure if you could do healthcare only in that group though.

"There's nothing you can do if you're too scared to try." - Nickel Creek
 

You could always go the Corporate route, too -- there's quite a bit going on up there.

Medtronic was based there before they turned Irish -- but there's still a strong presence there. UHC is headquartered there on the payer side. A number of health-related consulting shops have offices in MSP with the airport connections. Allina Healthcare and UMN Health System.

Director of Finance and Corporate Development: 2020 - Present Manager of FP&A and Corporate Development: 2019 - 2020 Corporate Finance, Strategy and Development: 2011 - 2019 "An investment in knowledge pays the best interest." - Benjamin Franklin
 

Thanks, really appreciate the info everyone. Bit surprising really that none of the HC LevFin groups are in MSP given that some banks are HQed there. Will definitely look at the suggestions above, including Piper.

If anyone has any specific names for Mezz shops I'd appreciate those.

Sounds like a generalist HC fund is needed there

 
"bigtree53"

Thanks, really appreciate the info everyone. Bit surprising really that none of the HC LevFin groups are in MSP given that some banks are HQed there. Will definitely look at the suggestions above, including Piper.

If anyone has any specific names for Mezz shops I'd appreciate those.

Sounds like a generalist HC fund is needed there

Norwest Mezz was recently looking for an associate. Yukon Partners may also be looking, but don't hold me to that. Aside from those, there are GMB Mezz, Convergent Capital, Northstar Capital, Prudential has an office that does mezz and floating rate senior, Spell Mezz, Marquette Capital Partners, BMO supposedly has a mezz group (I haven't seen anyone actually do a mezz deal and the guy that used to run it recently retired). None of those specialize in HC, but Yukon, GMB and Norwest have all made multiple HC investments.

TT Capital Partners is the only HC-focused PE fund that I know in the area.

 

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